Pizza Inn, Inc. Reports Results for First Quarter Fiscal Year 2011

THE COLONY, Texas, Nov 9, 2010 (GlobeNewswire via COMTEX) -- Pizza Inn, Inc. /quotes/comstock/15*!pzzi/quotes/nls/pzzi (PZZI 2.00, +0.02, +1.01%) today reported net income of $0.1 million, or $0.02 per share, for the fiscal quarter ended September 26, 2010, versus net income of $0.4 million, or $0.05 per share, for the same quarter of the prior fiscal year. Total revenue for the first fiscal quarter of 2011 increased 6.3%, to $10.6 million from $10.0 million in the same period of fiscal 2010.

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Pizza Inn, Inc. Reports Results for Fiscal Year 2009

THE COLONY, Texas, Sept. 23, 2009 (GLOBE NEWSWIRE) -- Pizza Inn, Inc. (Nasdaq:PZZI) today reported net income of $1.2 million, or $0.14 per share, for the fiscal year ended June 28, 2009, versus net income of $2.8 million, or $0.29 per share, for the prior fiscal year. The $0.15 difference in earnings per share is driven primarily by two factors. Due to a change in the availability and use of its net loss carryforwards, the Company reported tax expense of $0.5 million in fiscal year 2009 compared to a tax benefit of $0.1 million in fiscal year 2008, representing $0.07 of the earnings per share difference

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Pizza Inn, Inc. Reports Results for Third Quarter Fiscal Year 2009

THE COLONY, Texas, May 12, 2009 (GLOBE NEWSWIRE) -- Pizza Inn, Inc. (Nasdaq:PZZI) today reported net income of $361,000, or $0.05 per share, for the third quarter ended March 29, 2009, versus net income of $898,000, or $0.09 per share, for the third quarter of the prior fiscal year. Highlights for the quarter ended March 29, 2009, included:
* Comparable domestic buffet restaurant sales decreased 0.9%
for the quarter compared to the same period of the prior
fiscal year.
* Total domestic restaurant sales decreased 3.0% for the quarter
compared to the same period of the prior fiscal year.
* Sales for the company owned prototype buffet-style restaurant
located in Denton, TX that opened in October 2008 averaged
$30,000 per week for the quarter.
* Excluding the impact of an income tax expense of $203,000 for
the third quarter compared to an income tax benefit of $216,000
in the same quarter in the prior year, net income per share
would have been flat, or $0.07 in both periods.
* Two new domestic and three franchise international restaurants
opened during the quarter.

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